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Decentralized exchanges near $100 billion in monthly volume for November

advertisement Monthly data for decentralized exchanges (DEXs) indicates that the ecosystem has seen nearly $100 billion in volume for the month of November. According to The Block’s Data Dashboard, the total for November is approximately $99.5 billion as of November 28. Monthly volumes have climbed since hitting a low for the year of $56.35 billion in July, with the November figure surpassing October’s $89.15 billion. As expected, Uniswap v3 and v2 exchange protocols have constituted the bulk of the monthly …

Current state of DeFi in 2021: Part 1

November 25, 2021, 12:04PM EST • 9 min read Quick Take This is a section from The Block Research’s upcoming 2022 Digital Assets Outlook report Maker was the largest lending platform by value locked and outstanding debt Curve and Uniswap v3 were the largest decentralized exchanges by value locked and volume, respectively dYdX outpaced other derivatives protocols in volume after the introduction of its recent liquidity mining program Convex surpassed Yearn and became the largest yield optimizer by value locked …